FOMC Delivers 25/25 Cuts

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The FOMC did trim both the Fed Funds Rate and the Discount Rate by 25 basis points each today.   There was some dissention among the Fed Governors if you read through the statement.  You can see the full commentary here.  Because of the rate cut theorists out there making their opposite calls on the same data, you can imagine there is ammo here for the bulls and bears alike.   Some wanted a 50 basis point cut, while others are arguing that rates aren’t able to fix the current credit problems.

We had already noted how a rate cut borders alongside a potential dollar crisis.

Here was the 50/50 cut from September for comparison.

Contact [email protected] for any questions or corrections.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

COIN Vol: 11,791,550
META Vol: 45,096,548
GIS Vol: 26,752,476
PLTR Vol: 57,393,597
ELV Vol: 2,076,101

Top Losing Stocks

GLW Vol: 22,067,596
KLA
KLAC Vol: 24,020,529
TER Vol: 5,430,277
MU Vol: 50,093,261
AMAT Vol: 15,784,609